WASHINGTON — Top congressional Republicans made a new offer to President Barack Obama on Thursday in their fight over heading off a doubling of interest rates on federal college loans for 7.4 million students, proposing fresh ways to cover the effort’s $6 billion cost.
WASHINGTON — The White House threatened a veto Friday of a Republican bill keeping the interest rates on federal student loans from doubling this summer, objecting that the measure would finance its $5.9 billion cost by abolishing a health care program.
WASHINGTON — With a potential shutdown of federal highway and transit programs looming, House Republican leaders abruptly canceled a vote Monday on three-month extension bill aimed at keeping aid flowing to states while Congress debates an overhaul of transportation policy.
WASHINGTON — Deadline nearing, the deficit-reduction talks in Congress sank toward gridlock Friday after supercommittee Democrats rejected a late Republican offer that included next-to-nothing in new tax revenue. Each side maneuvered to blame the other for a looming stalemate.
WASHINGTON — Even as a recent good-faith swap of offers showed a narrowing of differences over taxes, a special deficit-cutting “supercommittee” seems to have hit a major snag just two weeks before its deadline. The two sides can’t even agree on who should make the next move after an exchange of plans Monday night in which Democrats scaled back their demands on taxes even as Republicans for the first time offered higher tax revenues as part of a plan to cut deficits by $1.5 trillion over the coming decade.